Energy for blockchain products is one of the main topics of discussion for the development process of the cryptocurrency industry. As Bitcoin mining is very demanding in terms of energy usage and has become even harder to do over time, Bitcoin’s proof-of-work algorithm has been altered in other, less consuming algorithms for new cryptocurrencies. Bitcoin’s influence on the energy sector is hard to overestimate. Bitcoin energy consumption is currently taking more energy than most countries on the planet. This is not just the reason for the large profits in the energy industry but also a warning for the environment, as it is a threat to the climate with an amount of 20 megatons of CO2 emission per year. The reduction of the energy consumption for cryptocurrencies is also an important task as government environmental policies may become an obstacle for the blockchain industry.
Are cryptocurrency mining operations moving from Iran to Central Asia in pursuit of stable cheap energy grids?
Is Central Asia the New Safe Haven for Crypto Mining Amid Iran-US Crisis?
Blockchain development firm Bitfury is set to partner with the United Nations Development Programme on a project to conserve and increase Kazakhstan’s forestlan...
Blockchain Firm BitFury Partners With UN on Forest Project in Kazakhstan
Australia-based blockchain energy firm Power Ledger has purchased a 250 kW photovoltaic system that will use a blockchain-based data management and settlement s...
Power Ledger Integrates Blockchain-Based Energy Auditing in Solar Power Asset
The operator of what is set to become the world’s largest Bitcoin mining facility has reportedly signed a deal with Japanese financial services giant SBI and in...
SBI, GMO Reportedly Sign Deal with Operator of World’s Largest Bitcoin Mining Site
ESRI researchers propose that using a blockchain-based “forward trading system” can provide a more effective incentive for the smart management of energy consum...
Researchers Explain How Blockchain Can Innovate Green Energy Markets
United States-based cryptocurrency brokerage BitOoda has secured $7 million in funding from investors including former senior investment exec at JPMorgan.
SEC-Licensed Broker-Dealer BitOoda Secures $7M Seed Funding
Chinese authorities have seized nearly 7,000 crypto mining machines consuming electric power illegally.
Chinese Authorities Confiscate Nearly 7,000 Crypto Mining Machines